According to online reports, research firm Bernstein maintained its "excellent performance" ratings on Robinhood and Coinbase and said that the crypto bull market is still in the early stages. Robinhood's revenue in the second quarter increased by 46% year-on-year, and crypto trading volume increased by 32% year-on-year. Bernstein analysts said that although Robinhood and Coinbase shares have risen significantly this year, the current cryptocurrency bull market is still in its early stages. Among them, Robinhood's share price rose by more than 175% during the year, and Coinbase rose by 47%. In contrast, Bitcoin and Ethereum rose by 27% and 15% respectively this year.